Assignment:
Instructions:
1. Create a fictitious organization
2. Provide a brief summary of the organization (i.e. the name, founder, founding date, the product(s) or service(s), and the industry served)
3. Create a scenario that will include the following information for five products or services
a. Fixed monthly cost of production (provide what makes up the fixed cost)
b. Variable cost (provide what makes up the variable cost)
c. The price each product or services sells for
d. Use the formula to calculate the break-even point for the product or service
e. Use the formula to calculate a profit or loss for each product or service
f. If there is a loss explain how you would create a profit